runcollin23 asked:


I want to know what the bad about credit card gift cards, like visa and master cards. The one they sell in stores. Do you have to pat money to activate and then add money?

LELA

Liz Roberts asked:


a known fact that a large number of consumers in the United States alone are suffering from poor credit. Having poor credit can take its toll in a person’s financial capabilities. Nevertheless, with the emergence of bad credit credit cards, a person with a low credit score can actually use these cards in rebuilding credit rating.

Can bad credit credit cards really help improve your credit history? Let’s take a closer look at credit cards for people with bad credit and how you can make the most out of them.

Why People Damage Their Credit

One reason why people slump to bad credit is because of consecutive misses or delays with their payments. Do you usually forget or fail to submit your payments on time? If yes, it’s best to start paying attention to your debt repayment more seriously. One delay or miss in payment can easily put you at risk.

Another possible reason is uncontrolled spending or ineffective management of finances. Are you in the habit of spending more than what you earn each month? Are your expenses usually greater than your salary? If yes, then it’s about time to start implementing changes in your lifestyle.

Sometimes, no matter how responsible you are as a borrower, unexpected circumstances can also put you in debt problems and cause your credit to suffer. A sudden loss of job, medical emergencies, divorce and other unexpected events can damage your credit in an instant.

What You Can Do About the Problem

So what can you do to improve your credit score? Since you are not eligible to apply for standard credit cards, let bad credit credit cards help you get back on track. Not all credit cards for bad credit impose excessive charges.

If you do search well, you can find a credit card issuer that offers a bad credit credit card with reasonable interest rate. Take note that you can be exempted from paying the interest rate by submitting your payments on time. If you make it a point to repay your bills completely before your due date of payment, you shouldn’t have to worry about the interest costs.

At the same time, being a timely payer will enable you to rebuild your damaged score more quickly. See to it that your credit card company accurately reports your payments to the three major credit bureaus. This way, the status of your credit can be updated accordingly.

After choosing and applying for the best bad credit credit card in the market, use it to your advantage. Don’t charge an amount that you know will be difficult for you to pay in full by the end of the month. It is crucial for you to pay off your monthly balances in full instead of submitting only the minimum payments from your balance. Doing so will keep you away from additional payments such as interest and penalties. More importantly, it will give you a better reputation as a borrower and a credit card holder.

Kilulu-chan asked:


I really wanna have credit card for myself. Examples for subscribe DeviantArt,

But my family said it’s really difficult and expensive. I want to know more about credit cards. I wanna use it but is it hard? I don’t want to spent most of my money in credit cards and I don’t want troubles when using it!

LYLE

Mrs. E asked:


Im currently disputing a lot of derrogatory info on my credit reports from all 3 agencies. I currently have no major credit cards and was informed that if I opened a credit card account and made the payments on time that would up my credit score.

ONEIDA

lbl1989 asked:


I have had good credit since I was 18 and always paid my credit cards on time (I’m 20 now) but I recently over drafted a bank account I no longer was supposed to use and didn’t realize it until a month later. I have now paid it off, which was only a month and a half after it happened. Before I paid it off I tried applying for a Sears card and got denied, which I had never not gotten approved for a card before, so this is clearly because of my bank over drafting. My question is, now that I have my bank squared off and have kept up on all my other payments, will I be able to get approved for a store credit card or any other credit card? Or will I still be denied because I have that mark on my credit history even though it’s paid off?

How long should I wait before applying for another card? Does applying for cards and not getting approved affect my credit?

CORINNA

terdfergusson asked:


About 4 years ago i was ill for several months. This left us with just one income. To get by we had to use our credit cards for everything. Things got really bad for awhile and we couldn’t pay the creditors. Now they are all in collection. We are okay now but cannot aford to pay off all of the cards. I would like to try to rebuild my credit. Is it better to file for bankruptcy or just have the bad credit

CHARLES

yukmouth asked:


what type of cards are good for rebuilding credit?

MILDRED

Lissa asked:


If you pay on time and at least the minimum payment, but not the full amount, does that cause you to have bad credit? If you’re a few days late just one month but never again, how bad is that for your credit?

ANNMARIE

Nathan L asked:


credit score of 580 and a credit score of 735 with combined income of 95k a year. 2k in credit cards,25k down payment. Is it possible to get approved for a 250k home loan.

DELORIS

asked:


I have bad credit i owe about 4,000. 2 credit cards, one is for $1200, and the other $850, and i have 2 doctor bills nothing major, i think one is $144, and the other $350, and my credit score is 554, but everywhere i go such as apts., or if i try to apply for anything i get denied, always. but a friend of mine filed bankruptcy and she was able to get in an apt. i tried to apply for and was denied, it doesnt make since i mean if i will get approved after bankruptcy then is that what i should do?

CHARLENA